IRONDALE, Ala. (7/5/12)--Corporate America CU (CACU) President/CEO Thomas Bonds has resigned, announced CACU's board of directors Tuesday.
Bonds joined the staff at the Irondale, Ala.-based corporate in 1998, and has served as president/CEO the past 11 years. Under his leadership, CACU suffered no losses--either to their membership capital shares or paid-in-capital, said the board's announcement.
Prior to CACU, Bonds was an examiner for corporate credit unions and principal examiner for natural person credit unions with the National Credit Union Administration (NCUA). He is licensed as both a certified public accountant and an attorney in Alabama.
"It is clear that the corporate credit union industry is changing," said Bonds. "As such, I believe I can better use the skills I have acquired over the past 25 years to assist credit unions with brokerage services."
Dan Buckley, senior vice president of risk management at CACU, will serve as interim president/CEO, while a search begins for a successor to Bonds, said Board Chairman Steve Nix. Buckley joined CACU in 2010. Prior to that he worked 25 years as corporate field supervisor for NCUA.